Institute for Economics and Peace (IEP) reveals the most peaceful countries in the world. Despite living in the most peaceful century in human history, the world has become less peaceful over the last decade.

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September 09, 2014

NEW YORK, Sept. 9, 2014 — Global Finance magazine has announced its first-ever ranking of the Safest Islamic Financial Institutions in the Gulf Cooperation Council as part of an exclusive survey to be published in the November 2014 issue. Banks were selected through an evaluation of long- term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

The full report evaluates the safest banks globally, as well as by region in Western Europe, Central & Eastern Europe, Asia, the Middle East & Africa, North America, Latin America and Australasia. It will be published in the November issue of Global Finance.

“Islamic finance has been expanding continuously and is now a significant form of financing in many of the world’s most advanced financial markets. Shariah-compliant assets now account for more than $1.7 trillion of assets held by banks, and that figure continues to grow,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “Some of the most robust and secure institutions offering Islamic products can be found in the GCC. With this ranking, we evaluate those firms.”